Type A corporation definition

Type A corporation means a corporation governed by Chapter 504.
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Type A corporation is defined in the introductory paragraph.
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Type A corporation means a corporation governed by Chapter504.
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Examples of Type A corporation in a sentence

  • A Type A corporation is prohibited from assuming a debt or paying the principal or interest on a debt if the debt existed before the date when the city created the development corporation.102 This limitation does not prevent a development corporation from undertaking or making future expenditures toward a project that is already in operation.

  • There is no requirement for additional public notice or a public hearing on individual projects undertaken by the Type A corporation, but Type B corporations are subject to certain additional procedural requirements: they must provide public notice of the project and hold a public hearing prior to pursuing a project and the public has 60 days to petition for an election to be called on whether to pursue the project.

  • G Type A corporation authorized under Chapter 504, Local Government Code.

  • Special Card Handling (e.g., card pulls, rushes, etc.)..................$15/card plus postage h.

  • Directors of a Economic Development CorporationBoard of Directors of a Type A Economic Development CorporationA Type A corporation is governed by at least a five-member board of directors.168 The directors are appointed by a majority vote of the city council at an open meeting.

  • The new statute is nearly identical to the statute for increasing or reducing the Type A tax.148 The statute for increasing or reducing a Type B tax does not, however, contain a provision addressing ballot language for such an election, primarily because, unlike a Type A corporation, there is no required ballot language for the initial adoption of a Type B tax.

  • The Corporation is established as a Type A corporation as defined in and governed by the Act and shall have all of the powers set forth and conferred in its Articles of Incorporation, in the Act, and in other applicable law.

  • During the 82nd Legislative Session, the Legislature passed a bill that would allow Type A corporations to do Type B projects if: • The city that created the Type A corporation also has a Type B corporation; and• The population of the city is 7,500 or less.75 The city will have to pass an ordinance allowing the Type A corporation to do Type B projects.

  • G Type A corporation authorized under Chapter 504, Local Government CodeG Type B corporation authorized under Chapter 505, Local Government Code G Texas municipal corporationG Texas Veterans CommissionG Nonprofit organization authorized by an agency or authority of the federal government to distribute housing and community development block grants.

  • FOURTH: The Corporation is a Type A corporation under Section 201 of theNPCL.

Related to Type A corporation

  • Nonprofit corporation means a nonstock corporation organized under ch. 181 that is a nonprofit corporation, as defined in s. 181.0103 (17).

  • School Corporation means the Western Xxxxx County Community School Corporation of the County of Xxxxx of the State of Indiana;

  • Public corporation means a county, city, village, township, port district, drainage district, special assessment district, or metropolitan district of this state, or a board, commission, or another authority or agency created by or under an act of the legislature of this state.

  • Corporation means a corporation, association, company, joint-stock company or business trust.

  • Domestic Corporation means an entity that is treated as a corporation for United States federal income tax purposes and is a U.S. Tax Person.

  • Foreign limited liability company means an unincorporated entity formed under the law of a jurisdiction other than this state and denominated by that law as a limited liability company.

  • Michigan economic development corporation means the public body corporate created under section 28 of article VII of the state constitution of 1963 and the urban cooperation act of 1967, 1967 (Ex Sess) PA 7, MCL 124.501 to 124.512, by a contractual interlocal agreement effective April 5, 1999, as amended, between local participating economic development corporations formed under the economic development corporations act, 1974 PA 338, MCL 125.1601 to 125.1636, and the Michigan strategic fund. If the Michigan economic development corporation is unable for any reason to perform its duties under this act, those duties may be exercised by the Michigan strategic fund.

  • Municipal corporation means, in general terms, a status conferred upon a local government unit, by state law giving the unit certain autonomous operating authority such as the power of taxation, power of eminent domain, police power and regulatory power, and includes a joint economic development district or joint economic development zone that levies an income tax under section 715.691, 715.70, 715.71, or 715.74 of the Ohio Revised Code.